MT
Regulations, 2004
Statutory Text (4 Articles)
L.N. 309 of 2004
INVESTMENT SERVICES ACT
(CAP. 370)
Undertakings for Collective Investment in Transferable
Securities and Management Companies (Amendment)
Regulations, 2004
IN exercise of the powers conferred by article 12 of the Investment
Services Act, the Prime Minister and Minister of Finance, acting on the
advice of the Malta Financial Services Authority, has made the following
regulations>-
(1) These regulations may be cited as the Undertakings for Citation and
Collective Investment in Transferable Securities and Management commencement.
Companies (Amendment) Regulations, 2004, and they shall be read
L.N. 207 of 2004
and construed as one with the Undertakings for Collective Investment
in Transferable Securities and Management Companies Regulations,
2004, hereinafter referred to as “the principal regulations”.
(2) These regulations shall be deemed to have come into
force on the 1 st May, 2004.
In regulation 2 of the principal regulations, after the definition Amends to
regulation 2 of the
of the term “foreign authority” there shall be inserted the following principal
regulations.
new definition>
““Guidelines” means the Investment Services Guidelines
within the meaning of article 6 of the Act<”.
Regulation 8 of the principal regulations shall be amended as Amends regulation
8 of the principal
follows>
regulations.
(a) in sub-regulation (3), for the words “and administrative
provisions in force in Malta which do not fall within the field
governed by the Directive.” there shall be substituted the words
“and Guidelines which concern matters not regulated by the
Directive.”>
(b) in sub-regulation (4), for the words “administrative
provisions” there shall be substituted the word “Guidelines”< and
B
(c) immediately after sub-regulation (8) there shall be added
the following new sub-regulation>
“(9) The provisions of paragraphs (a) and (b) of sub-
article 11(1) of the Act shall not apply to European UCITS
marketing their units in Malta.”.
Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press